Changed a few lines after speaking to our lovely moderator
From a traders perspective. Please see Post #:37429835 for my trading history on PGC.
So you want to divorce PGC (Post #:33596632) because the original investment thesis from 3 years ago no longer applies. In my opinion selling now would be a disaster. Luckily there is an exit point in the not too distant horizon. If you look at the chart below she might actually stumble on a golden cross in the next 3 or so months. You might want to avail of this high probability spike opportunity to cover some loss. Great entry point for a trader but also a great sell point for those who wants to get out.
Fundamentally speaking, If you are still of the idea that this is a good long term hold please read this - Post #:36733525 There are far better quality companies out there at this point in time.
More importantly read this (Post #:36748267 ) which sums up the issue with PGC which we see time and time again with this inorganic growth strategy which I will actually reiterate below:
M&A decisions and an ill-disciplined allocation of shareholder capital is the fastest way to impairments.Not saying this has happened butI'm now saying that this has happened and a risk that we all take and most have now monetarily realised in buying in. At best PGC endures further SP value destruction in the short/medium term due to disappointingforecastsresults. Worse is failing to deliver long term and balance sheet repair becomes an overwhelming priority.
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Last
46.5¢ |
Change
-0.005(1.06%) |
Mkt cap ! $769.7M |
Open | High | Low | Value | Volume |
47.0¢ | 47.5¢ | 46.0¢ | $152.8K | 327.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 46200 | 46.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
47.5¢ | 12200 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 46200 | 0.465 |
1 | 21732 | 0.460 |
4 | 138109 | 0.450 |
1 | 22471 | 0.445 |
1 | 20000 | 0.440 |
Price($) | Vol. | No. |
---|---|---|
0.475 | 12200 | 2 |
0.480 | 39792 | 3 |
0.485 | 75702 | 3 |
0.490 | 4238 | 3 |
0.495 | 60796 | 2 |
Last trade - 16.10pm 21/10/2024 (20 minute delay) ? |
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LITTLE GREEN PHARMA LTD
Paul Long, Chief Executive Officer
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